Refer to Scenario 12.2. If each player plays an ideal mixed strategy, then either Jerome or Eliza, but not both, will donate a kidney about ________ of the time

The high price of agricultural land is basically

A) the cause of high food prices. B) the result of high food prices. C) unrelated to food prices because processing costs dominate food prices. D) unrelated to food prices because there is no opportunity cost of producing land.

If country A had a smaller underground economy than country B, and country A's citizens worked more hours per week than the citizens of country B, other things equal, then

a. GDP comparisons between the countries would overstate the economic welfare of country A compared to B. b. GDP comparisons between the countries would understate the economic welfare of country A compared to B. c. it is impossible to know which direction GDP comparisons between the countries would be biased as measures of the economic welfare of the two countries. d. it would not introduce any bias in using GDP to compare economic welfare between the countries.